Business news from Ukraine

Business news from Ukraine

Ukraine increases decentralized energy: +591 MW in six months

An additional 591 MW of new generation was created in six months of 2025 in the regions of Ukraine, most of which – 320.2 MW – was due to connected capacity through cogeneration, said Deputy Head of the Presidential Office Viktor Mykyta.

“Communities and regions are confidently pursuing energy decentralization… Innovative projects will make it impossible for the enemy to destroy the new decentralized energy system,” he wrote in a telegram on Sunday.

Mykyta clarified that the total amount also includes 84 MW of connected capacity from wind farms, 101.4 MW from solar power plants (SPPs) and 84 MW from SPPs installed in private households, and another 1.2 MW from mini-CHPs.

As reported, at the end of 2024, the Ministry of Energy reported that the total capacity of distributed gas-fired generation units connected in Ukraine last year amounted to 967 MW, of which 835 MW were commissioned in 2024.

According to Vladyslav Sokolovskyi, Chairman of the Board of the Solar Energy Association of Ukraine, in 2024, approximately 800-850 MW of solar power plants will be built in Ukraine at the expense of businesses and households, while wind farms added only 20.6 MW of new capacity last year, according to Andriy Konechenkov, Chairman of the Board of the Ukrainian Wind Energy Association.

 

Chinese Company MINTH Opens Plant in Serbia

China’s MINTH Holdings Limited is investing 950 million euros in the construction of new production facilities for the automotive industry in Leskovec and Cuprija, the office of Leskovec Mayor Goran Cvetanovic said today.

The first phase of the project in Leskovec is expected to create 1,000 jobs, and the entire investment cycle is expected to last five years, Beta reports.

The Memorandum of Understanding was signed the day before at the Serbian Government building by the Mayor of Leskovec Goran Cvetanovic, the Minister of Economy Adriana Mesarovic and representatives of MINTH.

MINTH Holdings was founded in 1992 in China and is headquartered in Ningbo.

MINTH is one of the world’s top 100 auto component manufacturers and supplies products to leading automakers: BMW, Mercedes-Benz, VW Group, Tesla, Honda, Toyota, Nissan, Ford, etc.

The company specializes in the production of aluminum, plastic and composite body parts, trim panels, frames, roofs and interior parts. It has plants in China, the USA, Mexico, Germany, Thailand and, since 2018, in Serbia (Loznica).

MINTH is already active in Serbia, producing components for the world’s leading automakers. The new investment confirms the strengthening of industrial cooperation between Serbia and China in the field of high-tech production.

Why Serbia?

– Geographical advantage: Serbia is located at the crossroads of supply between the EU and Asia, making it a logistically convenient base.

– Duty-free access to the EU, EFTA, Turkey and EAEU markets under a number of agreements.

– Low costs: labor costs are lower than in Eastern Europe and Turkey.

– Stable investment cooperation with China: including the One Belt, One Road initiative and Serbia’s participation in the China-Central and Eastern Europe (17+1) format.

The importance of the project for Serbia

– Employment growth in southern Serbia, a region with traditionally high unemployment.

– Diversification of industry with a focus on high-tech production.

– Deepening Chinese presence in the economy – not only infrastructure, but also the real sector.

– Industrial transformation of Leskovets, which was historically a textile center but has lost industrial momentum in recent years.

Risks and challenges

– Dependence on one large investor at the regional level

– Possible dominance of China in strategic sectors, including through subsidies and tax preferences

– The need to ensure infrastructure readiness (electricity, water, roads), which will require efforts from local authorities and the state budget

The MINTH project is not just a local plant, but a strategic element in the supply chain of the global automotive industry. For Serbia, this is an opportunity to strengthen its position on the industrial map of Europe and grow from a subcontractor territory into a European production hub.

Source: https://t.me/relocationrs/1198

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Usyk defeats Dubois by knockout

Alexander Usyk won the title of undisputed world champion by defeating Daniel Dubois by knockout in the fifth round of the fight.
The fight was for the WBA, WBC, IBF, and WBO undisputed heavyweight world titles. It was a rematch: the boxers first met in the ring in August 2023, when Usyk knocked out Dubois in the ninth round. Usyk regained the IBF title, which he had been forced to relinquish because he was unable to defend it at the time, and defended his titles in the other three divisions.

 

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DTEK Energy has already invested more in repairs to thermal power plants than in whole of 2024

In the first half of 2025, DTEK Energy invested approximately UAH 4 billion in repairs and restoration of thermal power plants damaged by massive attacks, which is more than in the whole of 2024, when UAH 3.6 billion was invested, according to the DTEK Communications Department.

According to its release on Friday, during this year’s ongoing repair campaign, a significant amount of work has already been completed, although there is still a lot of work to be done this year and next.

“Our energy workers are restoring not only equipment, but also confidence in the continued reliable operation of thermal power generation and the power system as a whole.

Electricity is the foundation of everything, and we are doing everything possible to ensure that there is enough of it even in the most difficult moments,” commented Alexander Fomenko, CEO of DTEK Energy.

It is noted that since the beginning of the full-scale invasion of Ukraine, Russia has already struck DTEK’s thermal power plants 205 times. In total, last year, the energy infrastructure survived 13 large-scale attacks. Since February 2022, 56 power plant workers have been injured and four killed in shelling of DTEK Energy’s thermal power plants.

As reported, on the night of July 18, during the shelling of the Dnipropetrovsk region by Russian occupiers, a Ukrzaliznytsia train driver was killed and a DTEK locomotive driver was wounded.

 

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Usyk knocked out Dubois in fifth round and became undisputed world champion

Oleksandr Usyk won the undisputed world title by knocking out Daniel Dubois in the fifth round of their fight.

The fight was for the undisputed world heavyweight title according to the WBA, WBC, IBF, and WBO. It was a rematch: the boxers first met in the ring in August 2023, when Usyk knocked out Dubois in the ninth round. Usyk regained the IBF title, which he was forced to relinquish because he was unable to defend it at the time, and defended his championship in the other three versions.

“I want to thank all of Ukraine, all the guys who are defending our country. I received many messages from various units defending Ukraine,” Usyk said after the fight.

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